Survey gives another sign of Midwest economic slowdown

4 years 9 months 20 hours ago Thursday, October 01 2015 Oct 1, 2015 Thursday, October 01, 2015 7:39:00 AM CDT October 01, 2015 in News
By: The Associated Press

OMAHA, Nebraska (AP) - A second straight monthly survey of nine Midwest and Plains states suggests a slowdown in the region's economy.

A report issued Thursday says the overall Mid-American Business Conditions Index dropped to 47.7 last month, compared with 49.6 in August.

Creighton University economist Ernie Goss oversees the survey, and he cited the strong U.S. dollar and global economic weakness among the reasons for the region's economic slide.

The survey results from supply managers are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests economic growth. A score below that suggests decline.

The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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